1.
November 24, 1930
The Charlotte News
Charlotte, NC
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Deposits Pour Into Bank As Panic Subsides
Many Customers of Western N. C. Banks Replace Deposits Withdrawn After Crashes. deposits were pouring into Western North Carolina banks today as the wave of hysteria which swept the section last week gave way to conFrom Marion to Murphy, bank officials viewed the situation with high satisfaction and relief. Customers whose faith in bank institutions had been shaken during the crisis Thursday, Friday and Saturday, returned to banks today with deposits they had withdrawn. Many new accounts were reported to have been opened check of all institutions by The Times showed today that business was going on usual Not a single new name was added to the list of fifteen banks closed last week. The First National Bank of Waynesville. said that the deposits of the institution had been swelled Saturday to $21,000 more than the average The only other bank in the town. the Citizens Bank and Trust Company. was closed on Friday The Farmers and Traders Bank at Weaverville. was doing its usual Monday morning business, D. Weaver, president. informed The Times. At Fletcher, deposits withdrawn by uneasy customers. were being replaced. Officials said all customers had regained confidence. The fifteen closed banks were in the hands the State Corporation Commission or of the comptroller of the currency In all of them acwere at work, checking up on assets, preparatory to & settlement with depositors. Reports today as to the normal condition in Western North Carolina banks were received from Marion, Swannanoa, Burnsville, Bryson City, Sylva, Murphy, Andrews Canton, Weaverv Franklin and Marshall.
2.
December 16, 1930
Chattanooga Daily Times
Chattanooga, TN
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BANK OF U.S. ASSOCIATES IN EQUITY RECEIVERSHIP
NEW YORK. Dec. 15 (AP) The securities affiliate of the Bank of the United States. and the City corporation, controlled by the Bankus company. placed in receivership today by Federal Judge Woolsey Bank of United States, which closed and was taken by the state banking department last week, was $14,000,000 to $18,000,000 against the Bankus corporation. The Irving Trust company named receiver for both corporations
Bank Suspensions.
N. C., Dec. 15 (AP) Farmers and Traders bank at Weaverille failed to open this morning. The board of directors said the action was taken to conserve the assets for protection of depositors. The bank had resources of $408.000 and deposits of
MINDEN, La., Dec. 15 (AP) notice on the doors of the Bank of aid the institution had been closed by the board of directors for reorganization of the bank's affairs, which were being placed in the hands of the state banking department,
3.
February 14, 1931
The Asheville Times
Asheville, NC
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Cffers Bill To Help In Reopening Of Bank Staff Correspondent) RALEIGH. Feb. Bernard, Buncombe, introduced bill in the upper house the board trustees the Woodfin water and sewer aid the district to Farmers and Traders similar bills passed the city and county. The text follows: "That the board of trustees of the Woodfin sanitary water sewer district and they hereby, thorized. their enter with the Farmers and Weaverville, the event that said bank is permitreopen by the corporation whereby the funds Woodfin sanitary water and sewer district deposit in said bank the time of its suspension bus. iness. remain bank and be except certain stated times intervals to mutually agreed upon by and board of directors of said tween the bank and board of trustees said Woodfin sanitary water and sewer district. "That the Woodfin sanitary water and district retain the any guaranty now its deposit said bank provided. that pended: collateral collected by the said such Woodfin sanitary water district, amount so collected shall against the defor which the collateral further that act shall said bank. any heretofore exeany bond cuted guarantee the deposits heretofore placed said relieve bank from its duty withdrawal deposits in allow the and cordance any may tions entered into pursuant to the provisions this
4.
April 2, 1931
Evening Star
Washington, DC
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JOY AT BANK REOPENING! Whole Town Celebrates Opening of Institution Closed Last Fall. WEAVERVILLE, N. C., April 2 (P).The whole town celebrated today as the Farmers and Traders Bank, which suspended business last November, reopened. The mayor made a speech and the student bodies of the public schools marched in a body to the bank for exercises held in the street before 1t. The bank suspended during a financial crisis precipitated in Western North Carolina by the failure of the Central Bank & Trust Co., Asheville.
5.
April 2, 1931
The Chattanooga News
Chattanooga, TN
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ANOTHER BANK REOPENS
Weaverville. April The whole town today the Farmers and Traders here, which business last NovemThe mayor made speech and students the public body the bank for exercises held the The bank suspended during financial crisis precipitated in western North Carolina the failure the Central Bank Trust company of Asheville.
6.
April 2, 1931
Evening star
Washington, DC
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JOY AT BANK REOPENING!
Whole Town Celebrates Opening of Institution Closed Last Fall.
WEAVERVILLE N. C., April 2 The whole town today as the Farmers and Bank, which suspended business last November, reThe mayor made speech and the student bodies the public schools marched in body to the bank for exercises held in the street before The bank during financial crisis precipitated Western North Carolina by the failure of Central Bank & Trust Co., Asheville,
7.
April 2, 1931
The Valdosta Daily Times
Valdosta, GA
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NO LIGHTS Weaverville, N. C., April 2. (AP) The whole town celebrated today as the Farmers and Traders Bank here which suspended business last November reopened. The mayor made a speech and the student body of the public schools marched in a body to the bank for exercises held in the street before it. The bank suspended during financial crisis precipitated in Western North Carolina by the failure of the Central Bank and Trust Company, Asheville.
8.
April 3, 1931
The Cincinnati Enquirer
Cincinnati, OH
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WORTH A CELEBRATION!
Weaverville, April 2-(AP)The whole celebrated today as the Farmers Traders Bank here, which business November, The Mayor made speech pupils of the public schools held exercises in the street in of bank. The bank suspended financial crisis cipitated in North Carolina by the Central Bank & Trust Asheville.
9.
April 3, 1931
The Cincinnati Enquirer
Cincinnati, OH
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WORTH A CELEBRATION
Weaverville, N. April The whole town today the Farmers & Traders Bank here which last The made a speech and the public in the schools in The bank suscipitated in North Carolina by the of the Central Bank & Trust
10.
April 3, 1931
The Springfield Daily Republican
Springfield, MA
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TOWN CELEBRATES WHEN BANK REOPENED
Weaverville, N. C., April 2-(AP)The whole town celebrated today as the Farmers' and "raders' bank here which suspended business last November reopened. The mayor made a speech and the student bodies of the public schools marched in body to the bank for exercises held in the before it. The bank suspended during a financial crisis precipitated in western North Carolina by the failure of the Central Bank and Trust company of Asheville.
11.
April 3, 1931
Daily News
New York, NY
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BANK REOPENS! 'RAY!
Weaverville, N. C., April 2 (P).The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened.
12.
April 3, 1931
Daily News
New York, NY
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BANK REOPENS! 'RAY!
Weaverville, N. C., April 2 (AP).The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened.
13.
April 3, 1931
Daily News
New York, NY
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BANK REOPENS! 'RAY!
Weaverville, N. C., April 2 (P).The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened.
14.
April 3, 1931
Daily News
New York, NY
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BANK REOPENS! 'RAY!
Weaverville, N. C., April 2 (P).The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened.
15.
April 3, 1931
Daily News
New York, NY
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FEAR FIASCO IN CHOOSING BANK JURY
EPORTS that unfitness of at least two of the eleven R jurors chosen to try four indicted officers of the Bank of United States, was responsible for the postponement Wednesday of selecting the twelfth juror, gained credence yesterday. The state wishes to use its two remaining peremptory challenges to get rid of the jurors to whom it objects, it was learned on good authority, although Judge George L. Donnellan warned both sides when the trial started that they would have to use these challenges before the talesmen were sworn in.
Legal Loophole Seen. In order to gain his objective, Max D. Steuer, chief of the prosecution, is believed to have found a loophole in the legal procedure used in selecting the jurors, which may make necessary dismissal of all the eleven jurors chosen thus far and starting all over again. This was reported to have been his argument in the mysterious courtroom conference he held with defense attorneys and Judge Donnellan after a talesmen had already been called for selection of the twelfth juror.
Won't Discuss Report. A conference yesterday between the attorneys representing the four defendants-Bernard K. Marcus, Saul Singer, his son, Herbert Singer and Henry W. Pollackstrengthened this belief, although both sides refused to discuss the matter. Meanwhile a bill, sponsored by Samuel R. Rosoff, backer of the reorganization plan for the bank, which would shorten the time in which to establish claims against closed banks, was passed by the legislature and is now in the hands of Gov. Roosevelt. The measure was prepared to speed the organization plan and would cut down the time allowed for establishment of claims against a closed bank from four months to thirty days.
BANK REOPENS! 'RAY!
Weaverville, N. C., April 2 (P).The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened.
16.
April 3, 1931
Daily News
New York, NY
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BANK REOPENS! 'RAY!
Weaverville, N. C., April 2 (P).The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened.
17.
April 3, 1931
Daily News
New York, NY
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BANK REOPENS! 'RAY!
Weaverville, N. C., April 2 (P).The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened.
18.
April 3, 1931
Chattanooga Daily Times
Chattanooga, TN
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CAROLINIANS CELEBRATE WHEN BANK IS REOPENED
WEAVERVILLE, N. C., April 2 (AP). The whole town celebrated today as the Farmers and Traders bank, which suspended business last November, reopened. The mayor made a speech and students of the public marched in body to the bank for exercises held in the The bank suspended during a financial crisis precipitated in western North Carolina by the failure of the Central Bank and Trust company, of Asheville.